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Sotheby’s Gets Stay on Khmer Statue Confiscation

The future of a 1,000-year-old Khmer statue—which Sotheby’s auction house in New York was ordered by the US government on Wednesday to hand back to Cambodia—is now in the hands of the US courts. The statue of the guardian Duryodhana is believed to have come from ...

Another new investment project approved by CDC

According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/

Student housing falls short in quality, livability and safety

Living in a compact space is just a part of university life, especially for students who come from the provinces to study in Phnom Penh. While the city keeps building an abundance of international-standard complexes, almost none of these are realistic choices for students, many ...

Natalie Leung and Catherine Harry
http://www.phnompenhpost.com/real-estate/student-housing-falls-short-quality-livability-and-safety

Tourism licences to go online

The Ministry of Tourism launched a new online system yesterday to register tourism-related businesses and tour guides who need a licence, in order to ease the licence inspection process and boost government revenues, said a senior ministry official. Neb Samouth, director general at the Ministry of ...

Chan Muyhong
http://www.phnompenhpost.com/business/tourism-licences-go-online

New passport offices to protect migrant workers

Interior Minister Sar Kheng yesterday said the government is trying to protect Cambodian migrant workers by creating more passport offices and cooperating with international bodies to protect them from labour abuses. ...

Sen David
https://www.khmertimeskh.com/50492559/new-passport-offices-to-protect-migrant-workers/

New banknotes signal revival of national pride

In his office at the National Bank of Cambodia, Mr. Heng Bomakara recalls the early stages of the nation’s currency with fondness. He still remembers a time when coins were commonplace. First minted in aluminum and then later in steel, these coins are now a ...

Riel Gains
http://www.khmertimeskh.com/news/36156/new-banknotes-signal-revival-of-national-pride/

SMEs urged to register with the new specialised bank

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...

Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/

Ministry of Economy reviewing draft new tax law

The Ministry of Economy and Finance is reviewing the draft new tax law with the Ministry of Justice articles about the criminal code and clauses that go along with other relevant laws, a senior official said. ...

Chea Vanyuth
https://www.khmertimeskh.com/501173213/ministry-of-economy-reviewing-draft-new-tax-law/

Tea Banh denies supporting Russia

Minister of Defence Tea Banh yesterday denied allegations that Cambodia supported Russia’s annexation of Crimea. Local media reported yesterday that during a meeting with the defence minister on Monday, Russian Ambassador Dmitry Tsvetkov thanked the Kingdom for supporting Moscow in the recent secession crisis in Ukraine ...

Cheang Sokha
http://www.phnompenhpost.com/national/tea-banh-denies-supporting-russia

SMEs urged to comply with tax changes

The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...

Sok Chan
http://www.khmertimeskh.com/news/38595/smes-urged-to-comply-with-tax-changes/

The economics of ELCs

Economic land concessions in Cambodia have a profound and negative impact upon rural households located near the plantations, severely limiting residents’ access to natural resources and causing incomes to dip by almost a fifth, a new study by the University of Copenhagen has found. The report, ...

Ethan Harfenist
http://www.phnompenhpost.com/national/economics-elcs

Banks raise concerns for a new derivative trading law

The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...

Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law

New Year’s price hikes kick in

As many flock to their hometowns today to celebrate Khmer New Year, complaints of price hikes and border bribes have started pouring in like clockwork. Passengers arranging transport to the provinces told the Post yesterday that bus companies and taxies had raised their prices despite a ...

http://www.phnompenhpost.com/index.php/2012041255576/National-news/new-years-price-hikes-kick-in.html

New MoU with Korea for tech centre

The Ministry of Industry and Handicraft will cooperate with two South Korean high-tech companies to establish a technology centre with the aim of facilitating the exchange of information on the development of optic cable technology. ...

Chea Vannak
http://www.khmertimeskh.com/5087660/new-mou-korea-tech-centre/

Permit penalty: New fine in works for workers

Starting on April 1, the government will charge $5 a day for every day that a staff member of a company in Cambodia is without a work permit, according to a senior immigration official. The census is part of an overall tightening of labour laws ...

Taing Vida
http://www.phnompenhpost.com/national/permit-penalty-new-fine-works-workers

New group of Christian Montagnards flee to Cambodia

Montagnards hiding in Ratanakkiri province, speculation grew that more would arrive in the coming weeks. Sev Lyn, chief of Pak Nhai commune’s Lom village, said police were searching the area for 18 Jarai Montagnards — indigenous villagers from Vietnam’s Central Highlands — and were under orders ...

The Union of Catholic Asian News (UCAN) Staff
http://www.ucanews.com/news/new-group-of-christian-montagnards-flee-to-cambodia/72708

Standard forms aim for public bid transparency

The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...

Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency

Newspaper staff protest firing of editor as new owners cull dissenting voices

Kay Kimsong was fired on Monday after representatives of the new owner ordered senior staff to remove an article about the sale from its website, claiming factual inaccuracies.​ ...

Hul Reaksmey
https://www.voacambodia.com/a/newspaper-staff-protest-firing-of-editor-as-new-owners-cull-dissenting-voices/4384807.html

New business activity ongoing despite Coronavirus challenges

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/

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